Can tech earnings rally the market?

Mythz
2023-04-27

Microsoft and Facebook has been outperforming the market during the earning release.

$Microsoft(MSFT)$ has outperformed the consensus by a 9% increase in EPS and has lead to a increase in 7% in stock price. Will Microsoft return to hit $300/share by today?

Microsoft has always been one of the steady giants, from pandemic till post pandemic till inflation/ banking crisis. With the current guidance, it is still proof that it is a worthy stock and has helped to lift the Nasdaq index

Meta has also outperformed the earnings and resulted in a 11% increase in the post market hours.

Another interesting giant that I will be looking out for today, Amazon. Today will be the day for its earning.

$Amazon.com(AMZN)$ specialize in its own market place and has a big piece of pie in its cloud technology, mainly Amazon Web Services(AWS). The growth in revenue is always high as many business are converting to a online presence. Although there is a slow growth in last quarter due to the high inflation rate, i believe today revenue will be close to the estimate.

Another key factor that I will be closely paying attention to is the jobless claim number today so that we can plan the upcoming strategy to the next fed hike.

$Nasdaq100 Bull 3X ETF(TQQQ)$ 

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Comments

  • Guy
    2023-04-27
    Guy

    Ok let’s wait for earning report of $亚马逊(AMZN)$ now.

    • Mythz
      Make use of the earning report as an opportunity instead of waiting
  • LeonaClemens
    2023-04-27
    LeonaClemens

    I have better insight i$Meta Platforms(META)$ in near future.

    • Mythz
      Meta is still a worthy stock to look at
  • ClarenceNehemiah
    2023-04-27
    ClarenceNehemiah

    Time to hold more tech giants again. right?

    • Mythz
      I do like to hold tech related stocks. Do see your risk appetite
  • YueShan
    2023-04-27
    YueShan
    All is Good⭐⭐⭐
  • AuntieAaA
    2023-04-27
    AuntieAaA
    Bullish
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